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THOUGHT FOR THE DAY!

" As the mainstream media has become increasingly dependent on advertising revenues for support, it has become an anti-democratic force in society."-- Robert McChesney, journalist and author

 

Hedge funds may be next

The next wave of failures in the growing U.S. economic crisis is likely to occur in the opaque hedge fund industry, which is facing mounting losses from interconnected contracts that failed or crippled such financial services businesses as Lehman Brothers Holdings Inc. and American International Group Inc.

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